Why Smart & Final Stores Inc. Stock Popped on Thursday [The Motley Fool]
SMART & FINAL STORES INC (SFS)
Last smart & final stores inc earnings: 5/1 07:00 am
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Source: The Motley Fool
An improved gross profit margin is helping this food retailer's profitability. Daniel Sparks ( TMFDanielSparks ) Nov 15, 2018 at 3:16PM What happened Shares of food retailer Smart & Final ( NYSE:SFS ) jumped on Thursday, rising as much as 37.9%. As of 2:42 p.m. EST, the stock was up about 37.1%. The stock's rise follows Smart & Final's third-quarter earnings release, which featured better-than-expected earnings per share and an improved outlook from management for full-year 2018 profitability. Image source: Getty Images. So what Smart & Final reported third-quarter net sales of about $1.5 billion, in line with the consensus analyst estimate for the quarter. These sales were up 2.8% from the year-ago quarter. Smart & Final's non- GAAP earnings per share for the quarter came in at $0.23, up from $0.17 in the year-ago period. This beat a
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